We recommend that applicants and employers contact qualified tax or legal counsel before establishing a HSA. Benefits OnLine Retirement and benefit services provided by Merrill Login is currently unavailable, please check back again soon. Client Services Rep - 401(k) & Health Benefit Solutions - 1st Shift Bank of America Jacksonville, FL 3 days ago Be among the first 25 applicants 04/20/2023, var today = new Date(); document.write(today.getFullYear()); Bank of America Corporation. 02/02/2023, var today = new Date(); document.write(today.getFullYear()); Bank of America Corporation. This role will function as the Health Benefits subject matter expert for key stakeholders in our business. In addition, financial advisors/Client Managers may continue to use information collected online to provide product and service information in accordance with account agreements. All rights reserved. Primary responsibilities: * Manage and grow relationships with key influencers in the Health Benefits space, including key consultants, with the objective of cultivating support for our product suite and strengthening the Bank of America brand makes available The HSA for Life Health Savings Account as a All rights reserved. The programs are sponsored and maintained solely by the employer offering the plan, or by an individual establishing an independent plan. Bank of America Employee Benefits Package & Programs Health (8 days ago)Financial wellness. This material should be regarded as general information on health care considerations and is not intended to provide specific health care advice. It may not be complete. Learn about solutions that can help your clients enhance their workplace benefits programs. This material should be regarded as general information on healthcare considerations and is not intended to provide specific healthcare advice. Those programs are sponsored and maintained solely by the employer. HSA of an ineligible individual may also be subject to tax consequences. This material should be regarded as general information on health care considerations and is not intended to provide specific health care advice. Secure online access making it easy for employees to submit claims and monitor accounts. However, the account beneficiary establishing the HSA is solely responsible for ensuring satisfaction of eligibility requirements set forth in IRC sec 223. Insurance, Health & Wellness Family & Parenting Vacation & Time Off Perks & Benefits Professional Support Insurance, Health & Wellness Health Care & Insurance 3.8 4 Ratings Life Insurance Bank of America employee benefits - wellness benefits Working here Being a great place to work Wellness & benefits Supporting teammates' physical, emotional and financial wellness We are committed to supporting our teammates' and their families' wellbeing by offering flexible and competitive benefits. Bank of America, N.A. If they receive distributions for other reasons, the amount withdrawn will be subject to income tax and may be subject to an additional 20% tax. No part of this site is intended to provide tax or legal advice. Under no circumstances should these websites, applications, and material, or any information included in these websites, applications, and materials, be considered an offer to sell or a solicitation to buy any securities, products, or services from Merrill or any other person or entity. Relationship-based ads and online behavioral advertising help us do that. You may be able to claim a tax deduction for contributions you, or someone other tahn your employer, make to your HSA. makes available The HSA for Life Health Savings Account as a challenge to provide employees access to resources for a healthy lifestyle and help manage health care costs. The commitments KeyBank made to LMI communities in that initial 2016 agreement helped the bank win regulatory approval for a merger the bank later touted as a major driver of both profit growth and dramatically higher dividend payments to shareholders, even as they made less and less of an effort to help non-White, non-wealthy customers buy homes. Bank of America Pay & Benefits reviews Review this company Job Title All Location United States 29,783 reviews Ratings by category Clear 3.7 Work-Life Balance 3.9 Pay & Benefits 3.4 Job Security & Advancement 3.4 Management 3.6 Culture Sort by Helpfulness Rating Date Language Found 9,354 reviews matching the search See all 31,684 reviews You're continuing to another website that Bank of America doesn't own makes available The HSA for Life Health Savings Account as a custodian only. They are intended to provide a comparative tool for various consumer health care options and potential costs and savings of those options. Relationship-based ads and online behavioral advertising help us do that. Our health FSA can be set up as an integrated full- or limited-purpose reimbursement account to enable employees to set aside pre-tax dollars to help pay for qualified medical expenses that occur during a particular year. Job ID: BankOfAmerica-1532798852. Our employer-provided voluntary benefit program that allows employees to set aside pre-tax dollars to pay for expenses related to commuting to and from work, including mass transit, vanpooling and work-related parking costs. We will educate employees and equip them with resources to help them make the most of their health and benefit accounts, while providing you with tools to make program administration simple and seamless. Please remember there's always the potential of losing money when you invest in securities. Any interest or earnings on the assets in the account are tax free. Any interest or earnings on the assets in the account are tax free. We offer quality health and insurance benefits and continue to provide wellness programs and resources, such as annual health screenings and the Get Active! Also, if you opt out of online behavioral advertising, you may still see ads when you sign in to your account, for example through Online Banking or MyMerrill Account Access. The program is a combination of classroom instruction, e-learning modules, case studies, and presentations. Our strategy, programs and actions Wellness and benefits We know that supporting the physical, financial and emotional wellbeing of our employees in their personal life also supports them in their work life so they can be the best at work and at home. Welcome Money Benefits Career Community Events Need Help? Current and former employees report that Bank of America provides the following benefits. In connection with providing these products and services, and at the request of the employer, Merrill makes available websites on the internet, mobile device applications, and written materials, including brochures, in order to provide you with information regarding your plan. These ads are based on your specific account relationships with us. The FSA and HRA are governed by the plan documents (including Summary Plan Description) established by your employer. The programs are sponsored and maintained solely by the employer offering the plan, or by an individual establishing an independent plan. Diversification and asset allocation do not ensure a profit or protect against loss. We provide industry-leading benefits, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve. Bank of America, N.A., Member FDIC. 4717989 Exp-04/28/2024(global footer) 4704659 You can lean on our experience to help educate and equip your employees to make the most of their health and benefit accounts. If you receive distributions for other reasons, the amount you withdraw will be subject to income tax and may be subject to an additional 20% tax. They are intended to provide a comparative tool for various consumer health care options and potential costs and savings of those options. We are 17,000 colleagues collaborating across the world to accelerate the transition towards a sustainable society. If you prefer that we do not use this information, you may opt out of online behavioral advertising. This benefit is a great way to differentiate yourself in a highly competitive hiring marketplace. content, offerings and level of security, so please refer to the If you would like to view other Bank of America accounts you may have, visit www.bankofamerica.com and sign in to Online Banking using the Online ID and Passcode that you have established for Bank of America Online Banking. The programs are sponsored and maintained solely by the employer offering the plan, or by an individual establishing an independent plan. by the Chief Investment Office (CIO), Global Wealth & Investment Management (GWIM), a division of BofA Corp. The Custodial Agreement and the Plan Documents are collectively referred to as 'Account Documents'. We provide ongoing thought leadership and analysis of the healthcare landscape. Mutual Fund investment offerings for the Bank of America HSA are made available by Merrill Lynch, Pierce, Fenner & Smith Incorporated (MLPF&S), a registered broker-dealer, registered investment adviser, Member SIPC, and a wholly owned subsidiary of Bank of America Corporation (BofA Corp.). Our debit card is the easiest way to pay for qualified healthcare expenses. The calculators are not intended to offer any tax, legal or financial advice and do not assure the availability of or your eligibility for any specific product offered by Bank of America or its affiliates. Current and former employees report that Bank of America provides the following benefits. Strong excel and power point skills. All rights reserved. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. You can use the money in the account for any eligible out-of-pocket health costs, and the tax advantages can save you money. Bank of America Merrill Lynch has a great benefits package which includes medical, dental, vision, 401k, health savings accounts, flexible spending accounts, paid time off, 4 months paid maternity/paternity leave, etc. Health Savings Accounts (HSAs), Health Flexible Savings Accounts (FSAs) and Health Reimbursement Arrangements (HRAs) are all tax-advantaged, Log In Secure Area En espaol Log In to Online Banking User ID Save this User ID Password Forgot your Password? Mutual Fund investment offerings for the Bank of America HSA are made available by Merrill Lynch, Pierce, Fenner & Smith Incorporated (MLPF&S), a registered broker-dealer, registered investment adviser, Member SIPC, and a wholly owned subsidiary of Bank of America Corporation (BofA Corp.). Our HRA program is a customizable benefits program allowing for many variations. Please consult with qualified professionals to discuss your situation. Expert knowledge of financial industry and Health Benefits client segment, including business models, players, new entrants, significant trends, and outlook Ability to travel 75% of the time Benefits for you A dedicated client services team Our goal is to keep everything running smoothlyfrom day-to-day operations to annual enrollment, strategic planning and periodic reviews. 4The HSA debit card program is issued by Bank of America, N.A. Mutual Fund investment offerings for the Bank of America HSA are made available by Merrill Lynch, Pierce, Fenner & Smith Incorporated (MLPF&S), a registered broker-dealer, registered investment adviser, Member SIPC, and a wholly owned subsidiary of Bank of America Corporation (BofA Corp.). To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review the Bank of America Online Privacy Notice and our Online Privacy FAQs. All trademarks and service marks belong to Bank of America Corporation unless otherwise noted. Bank of America, N.A., Member FDIC. In addition, an employer making contributions to the In addition, an employer who makes contributions to an HSA of an ineligible individual may also be subject to adverse tax consequences. Remember Me Next New Users Create a new account, or enter a code given to you. Maximizing the benefits of Health Savings Accounts: 10/16/23: 9:00 AM to 10:00 AM Pacific: Webinar: N/A : Open : N/A : Healthcare in retirement: Medicare and the HSA: 10/19/23: . Welcome to Retiree Resources Retired U.S.-based Bank of America employees can access a wide range of benefits and programs to support you and your family during your retirement. Log in to your account or get started with a new account. It's critical to how we drive Responsible Growth by delivering for our teammates, clients and shareholders and addressing society's biggest . Recommendations as to HSA investment menu options are provided to Bank of America, N.A. Expert knowledge of financial industry and Health Benefits client segment, including business models, players, new entrants, significant trends, and outlook Ability to travel 75% of the time We strive to provide you with information about products and services you might find interesting and useful. We offer eligible U.S. employees up to 5% of eligible pay in 401 (k) company-matching contributions, plus 2% or 3% in annual contributions (based on years of service). We recommend that applicants and employers contact qualified tax or legal counsel before establishing a HSA. Set up a health and benefit plan for your employees now. Please consult with qualified professionals to discuss your situation. Bank of America encourages applications from all qualified . You should consult your legal and/or tax advisors before making any financial decisions. In addition, financial advisors/Client Managers may continue to use information collected online to provide product and service information in accordance with account agreements. Learn more or update your browser. Work-life support - Work and life benefits include back-up child and elder care, free financial counseling, tuition reimbursement and referrals for everyday needs. Certain limits may apply to employees who are considered highly compensated key employees. Online access to communications and resources you can share with your employees. Participants may be able to claim a tax deduction for contributions they, or someone other than their employer, make to their HSA. Here's how it works: We gather information about your online activities, such as the searches you conduct on our Sites and the pages you visit. by the Chief Investment Office (CIO), Global Wealth & Investment Management (GWIM), a division of BofA Corp. content, offerings and level of security, so please refer to the Welcome to the member website. var today = new Date(); document.write(today.getFullYear()); Bank of America Corporation. Trust and bank fiduciary services are provided by Bank of America, N.A., member FDIC. Bank of America recommends that applicants and employers contact qualified tax or legal counsel before establishing a HSA. Job Description: Role Overview As a Retirement Benefits Client Services Representative (CSR) you'll work in an inbound contact center serving our Merrill clients who participate in corporate-sponsored retirement and benefit plans (e.g. Bank of America Health Insurance 4255 employees reported this benefit 4.0 1620 Ratings Available to US-based employees Change location Employer Verified Aug 22, 2019 Employer Summary Bank of America offers employees comprehensive medical and prescription drug coverages. Senior IT Analyst - Jacksonville, FL - Feb 6, 2018. Designed with your needs in mind, our health and benefit account solutions can help you offer a competitive benefit plan to your employees. Power 2021 U.S. Online Banking Satisfaction Study.1 We earned additional recognition by J.D. You may be able to claim a tax deduction for contributions you, or someone other tahn your employer, make to your HSA. Bank of America recommends you contact qualified tax or legal counsel before establishing an HSA. If an individual/employee establishes a Health Savings Account and they are not otherwise eligible, they will be subject to adverse tax consequences. Bank of America is an Equal Opportunity Employer. If you have questions regarding your particular health care situation, please contact your health care, legal or tax advisor. However, the account beneficiary that establishes the HSA is solely responsible for ensuring that they satisfy the Health Savings Account eligibility requirements set forth in Section 223. Working at a company that supports our veterans and all they've given to our country is . The HSA for Life is intended to qualify as a Health Savings Account (HSA) as set forth in Internal Revenue Code section 223. CCC Intelligent Solutions Holdings Inc., a leading SaaS platform for the P&C insurance economy, today announced that management will participate in a virtual fireside chat hosted by Bank of . Find articles on fitness, diet, nutrition, health news headlines, medicine, diseases Health Improve Health Care Womens Health Mental Health More Food Diseases & Conditions Symptoms Drugs & Supplements Healthy Lifestyle Vitamin Cancer High Blood Pressure Autism Menopause COPD Thyroid Disease document.write("Exp - "); At Bank of America, we're committed to addressing the root causes of inequality through a company-wide commitment to advancing racial equality and economic opportunity across diverse communities. How a health savings account can help you manage medical costs. We can help enable your employees to take charge of their healthcare costs. Investing in stable value products is typically more involved than investing in other diversified fund offerings. The investment portion of the HSA account is not FDIC insured, not bank guaranteed and may lose value. Plus, our tools and resources are designed to make program administration as simple and seamless as possible for you. The Employee Benefits Specialist will primarily partner with Commercial Banking Relationship Managers (up to 2B) to identify benefits sales opportunities and drive growth across Defined Contribution (DC), Defined Benefits (DB), Nonqualified Defined Contribution (NQDC), Equity, and Health Benefits Solutions (HBS) products in a specified . We are continually innovating and optimizing our mobile experience to provide industry-leading account management tools. About Triple Tax Advantages: You can receive tax-free distributions from your HSA to pay or be reimbursed for qualified medical expenses you incur after you establish the HSA. Following these six simple steps can help you get started on building a reserve of cash, for when you need it. At Bank of America, we believe employers can positively impact their employees' financial wellness by providing comprehensive financial education and solutions. Your employees can potentially maximize their HSA by investing a portion of their balance in a select menu of mutual funds. Get started today. If you have questions regarding your particular healthcare situation, please contact your healthcare, legal or tax advisor. Download the free app Existing User? Emotional wellness No part of this site is intended to provide tax or legal advice. Located in our U.S.-based, secure facilities, our dedicated customer care associates are available 24/7 to support your employees with any questions they may have along the way. Bank of America acts solely as claims administrator performing administrative If you opt out, though, you may still receive generic advertising. Powered by WEX Health. Bank of America makes available The HSA for Life Health Savings Account as a custodian only. If an individual/employee establishes a HSA and s/he is not otherwise eligible, s/he will be subject to adverse tax consequences. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Which benefits does Bank of America provide? Investment products, insurance and annuity products: Financial Life Benefits is a registered trademark of Bank of America Corporation. or operate. $200 online bonus offer Unlimited 1.5% cash back on all purchases > Travel Rewards No annual fee. Welcome to the member website. If you have questions regarding your particular health care situation, please contact your health care, legal or tax advisor. This can help employers of any size, from small businesses to large corporations reduce benefit costs, putting their employees in charge of how they manage their healthcare expenses now, and in, retirement. } Review the costs Even if you never step foot in a doctor's office, you have to pay your health insurance premium, an amount paid periodically to the insurance company to keep your policy active. However, the account beneficiary establishing the HSA is solely responsible for ensuring satisfaction of eligibility requirements set forth in IRC sec 223. Generally, qualified expenses include doctor visits, medications, medical equipment, and dental and vision care for you, your spouse and any dependents. Any interest or earnings on the assets in the account are tax free. Lehigh Valley, Pennsylvania Nationwide *Consumer Comment: America_RippedOff, *Consumer Comment: ***NATIONWIDE ALERT: IF YOU WANT TO. Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as "MLPF&S" or "Merrill") makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation ("BofA Corp."). What Expenses Are Covered By My Health Account? In addition, financial advisors/Client Managers may continue to use information collected online to provide product and service information in accordance with account agreements. If you opt out, though, you may still receive generic advertising. You should consult a professional adviser regarding your personal situation. Financial perks Bonus pay More Tuition reimbursement Learn more about benefits Banking & Finance Account Analyst $35,000 per year One salary reported Anti Money Laundering Analyst $67,278 per year 6 salaries reported Asset Manager $50,844 per year Our portal is intended to help make account administration easy. 4717989 Exp-04/28/2024(global footer). The employer is solely responsible for ensuring that such arrangements comply with all applicable laws. Bank of America Bank of America does not sponsor or maintain the Flexible Spending Accounts (FSA) / Health Reimbursement Accounts (HRA) that you establish. Bank of America places a high value on talent and on maintaining a culture defined by meritocracy. Bank of America and its affiliates are not tax or legal advisors. Neither Bank of America nor any of its affiliates or employees provide legal, tax or accounting advice. Also, if you opt out of online behavioral advertising, you may still see ads when you sign in to your account, for example through Online Banking or MyMerrill Account Access. You should consult a professional adviser regarding your personal situation. Recommendations as to HSA investment menu options are provided to Bank of America, N.A. We recommend that HSA applicants and/or employers contact qualified tax or legal counsel before establishing a Health Savings Account. Bank of America acts solely as claims administrator performing administrative Girls Who Code is an international non-profit organization working to close the gender gap in technology and change the image of what a programmer looks like and does. If you've decided to save in a health savings account (HSA), your next move is to figure out how much. The HSA is governed by the Custodial Agreement. Log in to your account or get started with a new account. Bank of America and its affiliates are not tax or legal advisors. MLPF&S is a registered broker-dealer, Member SIPC, and a wholly-owned subsidiary of BofA Corp. Bank of America, N.A., Member FDIC. tasks pursuant to an agreement with, and at the direction of, the sponsoring employer or individual under an independent plan. All trademarks and service marks belong to Bank of America Corporation unless otherwise noted. Additional information is available in our Client Relationship Summary. Bank of America is nothing more than a claims administrator who performs ministerial administrative tasks with respect to such arrangements pursuant to agreement with the employer. 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